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Should the Firm Pursue Market Share?

Sharan Jagpal

in Fusion for Profit: How Marketing and Finance Can Work Together to Create Value

Published in print:
2008
Published Online:
September 2008
ISBN:
9780195371055
eISBN:
9780199870745
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195371055.003.0004
Subject:
Business and Management, Marketing

This chapter examines the conditions under which firms should pursue market share as a goal. Specifically, it focuses on the factors that determine revenue- and volume-based market share, including ... More


 Getting Together

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0016
Subject:
Economics and Finance, Microeconomics

This chapter introduces cooperative game theory by examining the axiomatic theory of two-person bargaining problems. The link between cooperative and noncooperative game theory is first explained in ... More


A Theory of Employment Systems: Micro-Foundations of Societal Diversity

David Marsden

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198294221
eISBN:
9780191596612
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198294220.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

‘A theory of Employment Systems’ explains why there are such great international differences in the way employment relations are organized within the firm. It takes account of the growing evidence of ... More


Implementing the Community Environmental Liability Directive: Genetically Modified Organisms and the Problem of Unknown Risk

Christopher Rodgers

in The Regulation of Genetically Modified Organisms: Comparative Approaches

Published in print:
2010
Published Online:
September 2010
ISBN:
9780199542482
eISBN:
9780191594342
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199542482.003.0009
Subject:
Law, Environmental and Energy Law

This chapter assesses the role for environmental liability in the context of the GMOs, with emphasis on the provisions of the Community Environmental Liability Directive. It commences with ... More


Roads Not Taken: The Stillborn Virginia School of Economics

David Colander and Craig Freedman

in Where Economics Went Wrong

Published in print:
2018
Published Online:
May 2019
ISBN:
9780691179209
eISBN:
9780691184050
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691179209.003.0007
Subject:
Business and Management, Business History

This chapter looks at the birth of the Virginia School of economics by focusing on two of the approaches developed in Virginia in the 1960s. The first one—named after Ronald Coase—is the Coasian ... More


The Political Economy of International Cooperation

Lisa L. Martin

in Global Public Goods: International Cooperation in the 21st Century

Published in print:
1999
Published Online:
November 2003
ISBN:
9780195130522
eISBN:
9780199867363
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195130529.003.0003
Subject:
Economics and Finance, Public and Welfare

Over the past 15 years, the field of international relations has produced a great deal of work on international cooperation and international institutions. This work has immediate relevance for ... More


Coase Revisited: Business Groups in the Modern Economy

Mark Granovetter

in Technology, Organization, and Competitiveness: Perspectives on Industrial and Corporate Change

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198290964
eISBN:
9780191596162
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290969.003.0003
Subject:
Economics and Finance, Microeconomics

Ronald Coase's celebrated query as to why economic actors typically aggregate into entities called ‘firms’ rather than transacting as individuals in a market has engendered a vigorous stream of ... More


Income Distribution, Poverty, and Environmental Problems

Yujiro Hayami and Yoshihisa Godo

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199272709
eISBN:
9780191602870
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199272700.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Growing inequality and environmental degradation are two serious problems that developing economies will have to face in their economic growth processes geared for reducing absolute poverty. These ... More


The Unregulated Common Property: The Prisoner's Dilemma Revisited

Jean‐Marie Baland and Jean‐Philippe Platteau

in Halting Degradation of Natural Resources: Is There a Role for Rural Communities?

Published in print:
2000
Published Online:
January 2005
ISBN:
9780198290612
eISBN:
9780191601613
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198290616.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter analyses the pessimistic view implied by the ‘tragedy of commons’, that uncoordinated human behaviour leads to the destruction of the commons. It identifies the limitations of Ronald ... More


Neoclassical Economics from Triumph to Crisis

Ernesto Screpanti and Stefano Zamagni

in An Outline of the History of Economic Thought

Published in print:
2005
Published Online:
October 2005
ISBN:
9780199279142
eISBN:
9780191602887
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199279144.003.0011
Subject:
Economics and Finance, History of Economic Thought

Considers the neo-Walrasian approach to general economic equilibrium. The conquest of the existence theorem is compared with the defeat on the grounds of uniqueness and stability. Examines the ... More


Social Perfectionism

F. H. Buckley

in Fair Governance: Paternalism and Perfectionism

Published in print:
2009
Published Online:
May 2009
ISBN:
9780195341263
eISBN:
9780199866892
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195341263.003.0009
Subject:
Law, Philosophy of Law

A subject's actions may have the third party spillover effects which economists call externalities. What you do affects others, for good or for ill, and this may supply a reason to restrict your ... More


Group Size

David C. Rose

in The Moral Foundation of Economic Behavior

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199781744
eISBN:
9780199919116
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199781744.003.0003
Subject:
Economics and Finance, Behavioural Economics

In this chapter the benefits and costs of group size are discussed to lay the groundwork for establishing later how group size affects moral decision making. The gains from specialization are shown ... More


The Decline of Property and Trust

M. W. Lau

in The Economic Structure of Trusts: Towards a Property-based Approach

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199602407
eISBN:
9780191725203
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199602407.003.0007
Subject:
Law, Trusts

This chapter charts the decline of property and trust in legal and economic thinking. It explains that the economic analysis of property does not consider property to be a coherent concept. Instead, ... More


Coda: The Entrepreneur as Corporate Hero

John O’brien

in Literature Incorporated: The Cultural Unconscious of the Business Corporation, 1650-1850

Published in print:
2016
Published Online:
May 2016
ISBN:
9780226291123
eISBN:
9780226291260
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226291260.003.0007
Subject:
Literature, American, 18th Century and Early American Literature

This coda provides a brief genealogy of the entrepreneur, which has become a highly-romanticized figure in the modern economic imaginary. Reading works by Ronald Coase, Jean-Baptiste Say, Thomas ... More


Efficiency, auction and exchange

Jules L. Coleman

in Markets, Morals, and the Law

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199253609
eISBN:
9780191719783
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199253609.003.0003
Subject:
Law, Competition Law

This chapter distinguishes between Pareto optimality, Pareto superiority, and Kaldor-Hicks efficiency, and provides an extended discussion of the Coase theorem. One of the central claims in this ... More


The Polluter-pays Principle

NICOLAS DE SADELEER

in Environmental Principles: From Political Slogans to Legal Rules

Published in print:
2002
Published Online:
January 2010
ISBN:
9780199254743
eISBN:
9780191719851
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199254743.003.01
Subject:
Law, Environmental and Energy Law

This chapter begins by defining the polluter-pays principle as an economic rule of cost allocation whose source lies precisely in the theory of externalities, requiring the polluter to take ... More


Can Law Survive Legal Education?

Ernest J. Weinrib

in Corrective Justice

Published in print:
2012
Published Online:
January 2013
ISBN:
9780199660643
eISBN:
9780191748288
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199660643.003.0010
Subject:
Law, Philosophy of Law, Law of Obligations

This chapter deals with the disjunction between the practice of private law and its university study. This disjunction is the result of the prevailing instrumentalist approaches within the legal ... More


The Economics Behind Law in a Market Economy: Alternatives to the Neoliberal Orthodoxy 1

Joseph E. Stiglitz

in Law and Economics with Chinese Characteristics: Institutions for Promoting Development in the Twenty-First Century

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199698547
eISBN:
9780191745522
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698547.003.0005
Subject:
Economics and Finance, South and East Asia, Macro- and Monetary Economics

In the beginning of China’s move to a market economy, there was a discussion of the central ingredients required to make a market economy work. Today, Chicago School economists continue to prescribe ... More


Income Distribution and Environmental Problems

Yujiro Hayami

in Development Economics: From the Poverty to the Wealth of Nations

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199243976
eISBN:
9780191596377
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199243972.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Growing inequality and environmental degradation are two serious problems that developing economies will have to face in their economic growth processes. These two problems are closely interrelated. ... More


Why Do Economists Like a Carbon Tax?

Gilbert E. Metcalf

in Paying for Pollution: Why a Carbon Tax is Good for America

Published in print:
2019
Published Online:
January 2019
ISBN:
9780190694197
eISBN:
9780190694227
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190694197.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

In non-technical language, the chapter explains why economists favor putting a price on pollution as the least expensive way to cut pollution to its socially optimal level. Using a pollution example ... More


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